Huntsville gazette., 1887-12-03
THE WASHINGTON WlhE.
REPORT OF THE COMPTROLLER OF
THE CURRENCY.

Some suggestions Made-Report OF Com
missioner of observation-disclosures In
the Omaha Railroad Cases-An Increase
in the Public Debt-Other Notes.
WARRINGTON, Dec. 2.-The annual re-
port of the comptroller of the currency
,hows that the total number of National
banks organized up to the 3lst OF october
is 3,8O5, of which 625 have gone into volun-
tary liquidation, Ito have failed, leaving IN
operation at that date 3,O01.
The total number of new banks formed
during the last year is 225; the total number
closed during the year is thirty-three, OF
which twenty-five went into voluntary
liquidation and eight failed. The new banks
comprise five in New England, thirty three
in the middle states. fifty in the southern
states, 1O7 in the central states, and thirty in
the western states and territories. OF the
failed banks one was in New England, two
in the middle states, four in the southern
states and one in the central states
I Very full statistics have been collected
about the state banks, savings banks, loan
and trust companies, and privatei banks and
bankers throughout the country.
The suggestions made by Comptroller
Trenholm, as to amendments to the laws
are in the form Of code revising and oon-
solidating all existing laws with a number
of changes, each of which is fully explained
and the reasons for it are set forth at con-
siderable length The most important OF
the changes recommended is that OF the
minimum amount of bonds to be deposited
as security for circulation should be 10 per
cent of the capital of the banks of not over
$3.50 900, and SIS, 900 for banks, of which
the capital exceeds $3.50, 900; also that the
semi-annual duty on circulation be here
after charged only on the amount issued
upon be nds deposited in excess Of the mini
mum amount as above.
He also recommends that National bank
notes be counted "a part of the lawful re-
serve of banks. The existing provisions OF
law as to the responsibility OF officers and
directors of banks are modified 80 as to
avoid existing obstacles to their prompt and
certain enforcement The restriction upon
banks as to making loans in excess Of 10
per cent. of capital to any one party is mod
flied in respect to loans upon collateral Sc
curity, and the total limit is raised to 20 per
cent. Of capital and surplts.
The provisions as TO reserve upon the de-
posits are modified so as not to include gov
brnul0uL u0pOSlbS III ttle upOu WulCn
reserve is to be held The provision as to
state taxation of National banks is also
modified.
Commissioner OF Agriculture's Report.
WASHINGTON, DEC. 2.-The animal report
Of the commissioner of agriculture states
that the year has been one of prosperity and
progress, and the operations of the depart
ment success full ,Pleuro- pneumonia has
been restricted to the cattle in smaller areas
Of territory than at any previous time in
many years, and a continuation for another
year of the present methods of federal and
state action should accomplish its exter-
mnation. The seed distribution have &C
complished better results than heretofore
The Investigations of food authorizations
ho ya haar ad